Financial Aid

Xavier University School of Medicine is committed to making a quality medical education affordable for every student. Student loans, scholarships, and payment plan options are available to students and parents to assist in meeting educational expenses.

Financial Aid for U.S. Students

EdMed Loan Program – SouthEast Bank

To be eligible for this program, the applicant must be a U.S. citizen or permanent resident. Current or new students must be enrolled in the MD program (Basic Science or Clinical Science). Current students must be in good academic and financial standing with Xavier in order to be considered eligible. New students must have a letter of acceptance from Xavier as well as a fully-paid seat deposit.

Loan Amounts up to $60,000 per year

Students can borrow up to the full cost of attendance including tuition, living expenses, and other educational expenses

Students can defer interest payments while in school as well as for up to 48 months of a residency

Repayment begins 6 months after graduation

For more information and how to apply please contact your admissions representative or financialaid@xusom.com.

G.I. Bill

Previous military service entitles students to access their GI Bill benefits. The amount received will be categorized as “full time”.
Each individual must submit an application for education benefits to the VA so they may determine eligibility to receive these benefits. The application forms can be downloaded from their website at: www.benefits.va.gov/gibill

Financial Aid for Canadian Students

Xavier University School of Medicine accepts student loans issued through the Canadian government. The Government of Canada, and most provincial or territorial governments, work together to deliver federal and provincial student loan and grant programs. We encourage Canadian applicants to apply for loans through their local governments. Information can be found at the links below, but please don’t hesitate to contact our Student Finance department (studentfinance@xusom.com) with additional questions.

When applying for a loan to Xavier, please reference our school code: ZPAO
For applicants living in Alberta, apply through Student Aid Alberta:

This Student Loan Program is offered by TD Bank (Canada):
Their Cross-Border Student Package allows students to move money from Canada to the US for free, as well as pay any fees (tuition, registration, housing, living expenses, etc.) online from Canada.

Caribbean medical school students can have a Canadian-based student account (no fee) at TD Canada Trust, a US-based student account (no fee) at TD Bank, and can then link the two for money movement, payments, etc.

Eligible Students:

Canadian citizen or permanent resident of Canada with good credit.

Anyone with a Canadian citizen or permanent resident of Canada, as a well-qualified co-borrower/co-signer.

Loan Coverage:

Maximum Loan (first year): $50,000 CAD

Aggregate Maximum Loan: $200,000 CAD

Borrower must be a full-time, currently or newly enrolled student at Xavier University School of Medicine.

Loan Features:

Repayment amount is 1% or $50, whichever is greater; can be deferred for up to 12 months post-graduation.

Interest-only payments are required during school until the repayment period begins.